“...We document that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. Our...”

“...We present a model with leverage and margin constraints that vary across investors and time. We find evidence consistent with each of the model's five central...”

“...In the four regions (North America, Europe, Japan, and Asia Pacific) we examine, there are value premiums in average stock returns that, except for Japan,...”

“...This paper analyzes the relationships between local and global securitized real estate markets, but also between securitized real estate and common stock...”

“...Amid its rapidly increasing usage and immense public interest the subject of Bitcoin has raised profound economic and societal issues. In this paper we...”

“...We construct investor sentiment indices for six major stock markets and decompose them into one global and six local indices. In a validation test, we find...”

“...Average stock returns for North America, Europe, and Asia Pacific increase with the book-to-market ratio (B/M) and profitability and are negatively related to...”

“...We contribute to the growing literature on information flow among US equities, strategic commodities (oil and gold) and Brazil, Russia, India, China and South...”

“...The aim of this paper is to examine the role of gold in the global financial system. We test the hypothesis that gold represents a safe haven against stocks of...”

“...Prior studies on the price formation in the Bitcoin market consider the role of Bitcoin transactions at the conditional mean of the returns distribution. This...”